According to BlockBeats, on March 5th, spot Bitcoin ETFs saw a significant rebound in inflows. Data shows that over the three trading days from March 2nd to March 4th, spot Bitcoin ETFs recorded a total net inflow of approximately $1.1 billion, with a single-day net inflow of approximately $462 million on March 4th. BlackRock's iShares Bitcoin Trust (IBIT) led the way with approximately $307 million.
The return of funds also pushed the price of Bitcoin upward, with the price once reaching $74,000. It is currently maintaining above $73,000, with a weekly increase of about 6%.
Analysts point out that against the backdrop of heightened geopolitical tensions in the Strait of Hormuz and escalating macroeconomic uncertainty, institutional funds may once again view Bitcoin as an asset for hedging geopolitical risks. Some market observers believe that if ETFs continue to see net inflows, the market narrative of Bitcoin as a "safe-haven asset" may be further strengthened.
